Financial security in retirement is a common concern for more than half (61 per cent) of clients, according to a survey by Active Chartered Financial Planners.
The research, which surveyed 1,085 of the firm’s clients, found 17 per cent fear for their families’ financial futures.
Around 68 per cent said their outlook has been changed by improvements in economic indicators, such as falling inflation.
Karl Pemberton, managing director at Active Chartered Financial Planners, said: “Financial security in retirement is a common concern for many people.
“Our role as financial advisers is to provide our clients with the knowledge and tools they need to feel confident about their financial future.”
Half of those surveyed (51 per cent) said they think the Bank of England should hold interest rates, while 44 per cent think they should be cut.
Meanwhile, 63 per cent think the prime minister should wait until autumn to hold a general election, with 31 per cent thinking it should be sooner.
The firm said the findings underscore the role that financial planners play in helping clients achieve financial security.
By providing expert advice and personalised financial strategies, advisers can address these concerns and help clients achieve their financial goals, especially when reviewed on a regular, ongoing basis.
Elsewhere, research by Aegon found that people who seek advice from a financial adviser have more in their pension pot than those who do not.
The survey of 10,000 people showed that those who take advice have, on average, £246,000 in their pension pot compared to £95,000 for those who don’t.
It also showed that those who take advice reported total non-pension savings of £65,000 compared with just £32,000 for those who did not seek financial advice.
sonia.rach@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
